Tata Sons, a holding company of the Tata Group is working on a strategic restructuring plan. The restructuring means that some new faces will appear among the second-rung executives of the group. To begin with, a new chief operating officer (COO) is to appointed to the holding company of the $103 billion conglomerate. It is also in the process of appointing a chief financial officer (CFO).

While at the level of vice-president and above in the parent company, some other changes are likely to be made.As per a leading English daily, a few of the group companies may have new chief executives and managing directors. Tata Sons currently is looking at appointing a CFO soon. Recently, Ankur Verma, former managing director (investment banking) of Bank of America Merrill Lynch, has been brought by the group in the Tata Son’s chairman’s office.

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